Google co-founder Sergey Brin acknowledges the bias in the image generation feature of the AI tool Gemini and states that the company is working to fix the issue.
Four former Twitter executives, including ex-CEO Parag Agrawal, sued Elon Musk for over $128 million in severance payments, alleging that he has a tendency to hold onto money owed to others and force them to take legal action.
Trian Partners has released a white paper analyzing Disney's financial performance and proposing strategic changes to improve shareholder returns, including taking more creative risks with streaming content and reducing the number of movie sequels. They also suggest merging Disney+ and Hulu, launching ESPN's standalone streaming service with a partner like Netflix, and addressing succession problems for CEO Bob Iger.
General Motors is recalling nearly 820,000 pickup trucks due to a glitch that might cause the tailgate to open unexpectedly, leading to potential injuries and property damage.
Stitch Fix shares slide in after-hours trading after missing revenue estimates and reporting wider-than-expected losses, while ThredUp stock dips despite beating analyst estimates, and GitLab dives despite exceeding fourth-quarter earnings forecasts on the top and bottom lines.
Tesla shares dropped over 7% as new sales data revealed that deliveries from its Shanghai Gigafactory were at their lowest level in over a year, attributed to the recent Chinese Lunar New Year celebrations and increased domestic competition.
Fox Corp. CEO Lachlan Murdoch predicts that the new sports streaming service, expected to cost around $50 a month, will attract 5 million subscribers within five years of its launch.
Shares of Nvidia climbed today, likely driven by the news that Super Micro Computer would be joining the S&P 500, indicating a stamp of approval for the AI sector as a whole.
Nelson Peltz, an activist investor, has released a detailed case against Disney's board of directors, calling them the "root cause of underperformance" and advocating for his and former Disney executive Jay Rasulo's election to the board. Peltz criticizes the board's lack of focus, alignment, and accountability, and highlights issues with executive compensation, succession planning, and recent strategic decisions. Trian is asking shareholders to vote for Peltz and Rasulo instead of two Disney nominees.
Ford Motor's U.S. sales increased 10.5% in February, driven by strong growth in electric vehicles and hybrids, with hybrid vehicle sales up 36.7% year-to-date and EV sales up 25.9% year-to-date.
An oral contraceptive pill will be available over-the-counter in the U.S. for the first time, with a recommended retail price of $19.99 for a one-month supply.
Google co-founder Sergey Brin admitted that the company made mistakes in the image generation function of its AI bot Gemini, which produced inaccurate and biased depictions of historical figures, but stated that the bot has since improved by 80% after adjustments were made.
Trian Partners has revealed its plans to shake up Disney, including suggestions to "right-size" Disney's studio business and linear TV networks, fully consolidate Disney+ and Hulu, and scale back ESPN's direct-to-consumer plans.
Minnesota-based energy company, Southwestern Public Service Company, and its parent company, Xcel Energy, have been sued for allegedly causing the largest wildfire in Texas history due to a wooden utility pole "breaking" and igniting the Smokehouse Creek wildfire, with the plaintiff seeking compensation for damages caused by the fire.
Detroit's Packard Plant, a symbol of blight, will be fully torn down by the end of the year to make way for a new automotive-related plant, as part of the city's efforts to revitalize the area.
Ford's all-electric vehicle sales in February increased by 81% compared to last year, with the EV share out of the brand's total volume also improving to 3.8%, indicating positive growth for the company's EV segment. Additionally, Ford sold over 72,000 all-electric vehicles in 2023, making it the second-largest EV brand in the U.S. after Tesla.
Amazon-owned Whole Foods is introducing smaller convenience-store-sized locations in New York City, focusing on prepared foods, takeout meals, and seasonal produce, in response to growing competition from Walmart and other expanding grocers in the area.
Anthropic, an AI tech startup founded by former OpenAI employees, has introduced its new AI models called Claude 3 which it claims can outperform the AI programs of major tech companies such as OpenAI and Google in tasks like transcribing handwritten notes and analyzing graphs, although there are still some weaknesses that need to be addressed.
American Airlines plans to add over 180 Boeing airplanes to its fleet in the next decade, including a significant number of Boeing's largest 737 Max airplane, in order to enhance its network and expand its first-class seating.
Parag Agrawal and three other former Twitter executives are suing Elon Musk for $128 million in severance payments after they were fired during Musk's takeover of the company in 2022.
Advanced Micro Devices (AMD) is projected to generate over $3.5 billion in revenue from graphics processing units (GPUs) for the data center this year, with one analyst expecting $4.5 billion in data-center GPU revenue and a doubling of revenue to $9.2 billion in 2025.
An FAA audit found quality control problems at Boeing and its supplier, Spirit AeroSystems, after a door plug panel blew out during an Alaska Airlines flight in January, prompting the FAA to give Boeing 90 days to address the issues.
US stocks are experiencing a rapid rally, leading to debates over whether a bubble is forming as asset prices rise at an unsustainable pace.
Tesla's stock dropped by 7% due to a decrease in Chinese delivery numbers caused by the Chinese Lunar New Year, leading to concerns about demand in China and potential financial pressure due to price cuts.
Over 61,000 pounds of Trader Joe's frozen Steamed Chicken Soup Dumplings have been recalled due to possible contamination with bits of plastic from a pen.
Some New York City pharmacies are still struggling to fill customers’ prescriptions and confirm insurance coverage after a cyberattack on the technology platform used by health care providers and insurers, causing billing issues and uncertainty for patients.
Boeing and Alaska Airlines are facing a $1 billion lawsuit from passengers of a 737 Max 9 flight who experienced a door panel blowout midflight, accusing both parties of negligence for ignoring warning signs that could have prevented the incident.
Trader Joe's recalls nearly 62,000 pounds of soup dumplings due to potential contamination with hard plastic from a permanent marker pen.
Taxpayers in select states can now prepare and file their federal income taxes online directly with the IRS for free.
The Federal Aviation Administration (FAA) has found issues with Boeing's production practices and safety culture, prompting the need for a quality improvement plan to address the problems.
Whole Foods Market is launching a new store format called Whole Foods Market Daily Shop, which will offer a quick and convenient shopping experience with a focus on fresh, high-quality products, starting with a location in Manhattan and expanding to other cities.
Hybrids have been a major success for Ford, with the Ford Maverick compact pickup leading the way and contributing to a U.S. hybrid sales record for the month of February.
Nissan is reducing the price of its 2024 Ariya electric SUV in order to increase its competitiveness in the market.
Gasoline prices have surged due to refinery constraints and higher oil prices, with some states experiencing significant increases and the national average reaching $3.35 per gallon, according to AAA data.
A postal worker in New York City was pushed onto subway tracks by a stranger, leaving him injured and his wife criticizing the lack of security on the subway system.
Super Micro Computer Inc., an artificial intelligence-linked firm, is on track to dethrone Nvidia Corp. as the best-performing stock in the S&P 500, with gains of over 1,000% in the past year.
YouTube Music contractors were unexpectedly informed of their layoffs during a public meeting with the City Council of Austin, Texas, after they had voted to join the Alphabet Worker's Union and had been striking for better pay and benefits.
American Airlines has placed an order for 260 new narrowbody jets, including 85 Airbus A321neo aircraft, 90 Embraer E175 regional jets, and 85 Boeing 737 MAX 10 aircraft, in order to expand its fleet and increase capacity on domestic and short-haul international routes.
Spirit Airlines and JetBlue Airways' $3.8 billion merger has been called off mutually, leading to a decline in Spirit's stock, with analysts predicting possible liquidation for the troubled carrier.
Nvidia's stock surged 28.6% in February due to strong demand for AI infrastructure, impressive earnings reports, and positive analyst sentiment, indicating that the AI boom is still gaining momentum and the stock has the potential for further gains.
Ford's EV sales increased by 80% in February after implementing aggressive price cuts, with the Mustang Mach-E and F-150 Lightning models experiencing significant growth.
The forthcoming sports streaming venture backed by Disney, Fox Corp., and Warner Bros. Discovery is projected to reach 5 million subscribers in its first five years, according to Fox CEO Lachlan Murdoch, who also emphasized that the new venture will not threaten Fox's existing pay-TV business.
Trader Joe’s is recalling 61,000 pounds of frozen chicken soup dumplings due to the potential presence of plastic from a permanent marker; no illnesses or injuries have been reported.
Google-parent Alphabet's stock has triggered two sell signals after its fourth-quarter results, as shares fell sharply and closed below the 10-week moving average, resulting in a loss of 10.3% and triggering the round-trip sell rule.
The Fox Corp., Disney, and Warner Bros. Discovery sports streaming joint venture aims to attract 5 million customers in its first five years, according to CEO Lachlan Murdoch.
Bitcoin is predicted to reach a new all-time high before the week ends, with bullish signs such as decreased exchange holdings and increased trading volumes in Korea and Brazil contributing to the positive outlook, according to Markus Thielen, head of research at 10x.
General Motors is recalling nearly 820,000 pickup trucks, including Chevy Silverados and GMC Sierras, due to a faulty electronic latch mechanism on the tailgates that can cause road hazards and crashes.
The average price target for Palantir Technologies is $19.50, indicating a significant downside compared to the current stock price, despite strong demand for its AI software products and positive Q4 earnings report.
Wall Street analysts have an average price target of $19.50 for Palantir Technologies, indicating a significant downside, but the company's strong demand and positive earnings report have caused the stock to soar, leading to a difference of opinion between analysts and the market.
New York Community Bancorp's stock price tumbled for the second day in a row as rating downgrades threatened to increase the bank's borrowing costs.